Ventura County Real Estate Recovery and Car Sales
Can Increased Car Sales be the Harbinger of Real Estate Recovery in Ventura County?
Low rates and consumer confidence have combined to new car sales that
exceeded last years total by 16%. Used car sales went up 8% from last
year.
David Greiner, president of Greiner Buick-GMC in Victorville said of car
sales, "We are the first item purchased when the recovery starts,"
Greiner said. "You may repair it when things are getting worse. When the
economy starts to recover, you start to make long-term investments."
Factory production of motor vehicles and parts jumped 5.2 percent during July, helped by automakers replacing inventories depleted because of the March 11 earthquake in Japan, according to the Associated Press.
Well, if it is true as David Greiner says and the auto sales are the first item purchased when the recovery starts, then I say it has started here and now! WooHoo!!

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